By Devika Patel
Knoxville, Tenn., Jan. 2 – JPMorgan Chase Financial Co. LLC sold $1,958,000 of 0% capped dual directional buffered equity notes due Nov. 30, 2020 linked to the worst performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If the worst performing index gains, the payout at maturity will be par plus the gain, up to a maximum payout of 40%.
If the worst performer declines by up to 15%, the payout will be par plus the absolute value of the return.
If the worst performer declines by more than 15%, investors will lose 1% for each 1% decline beyond 15%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped dual directional buffered equity notes
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| Underlying indexes: | S&P 500 and Russell 2000
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| Amount: | $1,958,000
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| Maturity: | Nov. 30, 2020
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| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | Par plus any gain, capped at 40%; if worst performer declines by up to 15%, par plus absolute value of return; if worst performer declines by more than 15%, 1% loss for each 1% decline beyond 15%
|
| Initial levels: | 2,760.17 for S&P and 1,533.266 for Russell
|
| Pricing date: | Nov. 30
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| Settlement date: | Dec. 5
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.32408%
|
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| Cusip: | 48130UZ24
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